Labor Day always reminds me of the early 1970s and those visionary Detroiters who spent their union wages on Japanese cars.

Labor Day always reminds me of the early 1970s and those visionary Detroiters who spent their union wages on Japanese cars.

“Playboy Interview: Frank Sinatra, February 1963″

www.longform.org/stories/playboy-interview-frank-sinatra

  • Can you imagine the deluge of crank letters, curses, threats and obscenities I’ll receive after these remarks gain general circulation?
  • But you can’t make me believe that a machinist in Detroit, ending a 40-hour week, climbing into his ’63 Chevy, driving to a steak barbecue behind his $25,000 home in a tree-lined subdivision, about to begin a weekend with his well-fed, well-clothed family, is going to trade what he’s got for a Party card.

“South Korea’s Kia to invest $1 billion in Mexico”

www.bigstory.ap.org/article/south-koreas-kia-invest-1-billion-mexico

  • Mexico is a favorite spot for car makers, thanks in part to its relatively low wages, proximity to the United States and several free trade agreements with 45 countries.
  • Last month, Germany’s BMW said it will spend $1 billion to build a new luxury car factory in San Luis Potosi state that will start production in 2019 as part of an effort to expand the company’s presence in the United States.  BMW’s announcement came a week after Daimler and Renault-Nissan said they would spend $1.6 billion on a factory in Mexico to make premium compact cars for the Infiniti and Mercedes brands.

“Kia to build plant in Mexico by 2016″

www.koreatimes.co.kr/www/news/biz/2014/08/123_163742.html

  • “Mexico, together with Korea, is one of the nations that made FTAs (free trade agreements) with as many countries.  By having production plants there, Kia Motor will be able to export cars to those countries as well paying less tax,” said Shin Chung-kwan, an analysis at KB Investment and Securities.

“Automaker Kia to build $1 bn assembly plant in Mexico”

www.latino.foxnews.com/latino/news/2014/08/27/automaker-kia-to-build-1-bn-assembly-plant-in-mexico

  • “Having the option to invest in any country, a company of the prestige of Kia Motors chose Mexico to grow and expand its investments at the global level,” Peña Nieto said at the ceremony with Lee and Nuevo Leon Gov. Rodrigo Medina.
  • “Besides its solid macroeconomic stability, Mexico has experience in the automotive industry,” the president added.

“Kia makes $1 billion bet on car factory in Mexico: Investment will allow more exports, too”

http://koreajoongangdaily.joins.com/news/article/article.aspx?aid=2994227

  • Industry observers said the decision is also part of Kia’s effort to minimize the risks of a strong Korean won and labor disputes in Korea.
  • This will be Kia’s sixth overseas plant.  The affiliate of Hyundai Motor Group has three plants in China, one in Slovakia and one in the U.S. state of Georgia.

“First Chinese car factory opened in Brazil”

[Xinhua link -- August 29, 2014]

  • When fully operational in 2018, the Jacarei plant will have a production capacity of 150,000 vehicles per year.  The first model to be produced will be the Chery Celer, and the QQ model will follow next year.  The Chery plant currently employs 300 people, a third of whom are former employees of GM’s Sao Jose dos Campos factory.  When fully operational, it will have some 3,000 people.

“Cyanide Found in Dog Meat Sold to Restaurants, Zhejiang Court Hears”

[Caixin link -- August 29, 2014]

  • One of the wholesalers was also on trial.  Prosecutors accused him of selling 38 tons of tainted meat over the past two years to restaurants and other businesses.  A defendant who worked in the butchering facility said most of the dogs were killed with an anesthetic.  Police found levels of anesthetic in the frozen meat were so high they posed a threat to human health, the court heard.

Once upon a time, someone did not abandon you.
www.facebook.com/BobHall2016

E-mail: DollarToTheGiant@Gmail.com for Fear-Fallen Children: “Dollar to the Giant” Chronicles & Comments June 2008 [#1] to Date [#1133] notably resisting America’s Shift from Wealth Creation to Wealth Transfer and Surrender.

As compared with last year there was more food, more clothes, more houses, more furniture, more cooking-pots, more fuel, more ships, more helicopters, more books, more babies — more of everything except disease, crime, and insanity

“Gross Domestic Product, Second Quarter 2014 (Second Estimate); Corporate Profits, Second Quarter 2014 (Preliminary Estimate)”

www.bea.gov/newsreleases/national/gdp/2014/pdf/gdp2q14_2nd.pdf

  • Real GDP increased 4.2 percent in the second quarter after decreasing 2.1 percent in the first.
  • In the advance estimate, the increase in real GDP was 4.0 percent.
  • Real gross national product — the goods and services produced by the labor and property supplied by U.S. residents — increased 4.3 percent in the second quarter, in contrast to a decrease of 2.8 percent in the first.
  • Durable goods increased 14.3 percent, compared with an increase of 3.2 percent.
  • Current-dollar GDP — the market value of the nation’s output of goods and services — increased 6.4 percent, or $267.3 billion, in the second quarter to a level of $17,311.3 billion.  In the first quarter, current-dollar GDP decreased 0.8 percent, or $34.3 billion.
  • Profits from current production . . . increased $154.9 billion in the second quarter, in contrast to a decrease of $201.7 billion in the first.

“The fabulous statistics continued to pour out of the telescreen.  As compared with last year there was more food, more clothes, more houses, more furniture, more cooking-pots, more fuel, more ships, more helicopters, more books, more babies — more of everything except disease, crime, and insanity.” — Orwell, 1984
www.facebook.com/BobHall2016
E-mail: DollarToTheGiant@Gmail.com for Fear-Fallen Children: “Dollar to the Giant” Chronicles & Comments June 2008 [#1] to Date [#1132] notably resisting America’s Shift from Wealth Creation to Wealth Transfer and Surrender.

Is Hacking an inside job?

I want you to think about this one.

We have forced American employees to train their replacements in other countries.

We have sent our systems to other countries to be maintained in other countries.

We have brought in visa holders to take the place of Americans in America.

Yet we want to blame russia, etc., etc., etc. for hacking into our systems?

What if they simply are logging into our systems using the passwords that we supplied them with!

 

Rat in Irrational

Snooze – 

“Chinese car maker starts building plant in Russia’s Tula region”


[Xinhua link -- August 25, 2014]

  • Tula’s governor Vladimir Gruzdev said that the regional government plans to purchase Chinese cars made by the GWM [Great Wall Motors].  Speaking at the foundation stone laying ceremony of the GWM plant in Tula’s Uzlovaya town, Gruzdev said the localized enterprise would build China-designed cars from scratch, not merely assemble them.

“China allows foreign-owned hospitals in more cities”

[Xinhua link -- August 27, 2014]

  • The MOC [Ministry of Commerce] specified that only investors from Hong Kong, Macao and Taiwan may set up hospitals featuring traditional Chinese medicine.
  • China vowed to expand its healthcare service sector so that it is worth 8 trillion yuan (1.3 trillion U.S. dollars) by 2020.

“KKR agrees to buy 18 pct of China chicken firm for $400 mln”

www.reuters.com/article/2014/08/26/kkr-sunner-investment-idUSL3N0QW3AI20140826

  • Buyout firms such as KKR, Carlyle Group and Olympus Capital have become regular investors in China’s food chain, employing Western technology and supply chain management to address the country’s food safety scares.

“Are U.S. Markets Liquid and Deep or Rigged and Broken?

www.wallstreetonparade.com/2014/08/are-u-s-markets-liquid-and-deep-or-rigged-and-broken

  • This allows the Direct Feed users to buy a stock on the cheap and sell the stock back to the SIP user at a higher price.
  • The New York Stock Exchange and Nasdaq, which also have a mandated regulatory role to ensure that their markets are fair and non-discriminatory, have allowed the two-tiered market to exist because they are collecting hundreds of millions of dollars a year selling the SIP to the dumb money and the Direct Feed to the smart money.

“Churches not targeted: govt”

[Global Times link -- August 21, 2014]

  • A campaign spokesman made a rare clarification over the ongoing campaign against illegal properties by revealing statistics that only 0.26 percent of all demolished or rectified buildings was being used for religious purposes, the Zhejiang-based Today Morning Express reported Wednesday.  Protestant churches only made up 2.3 percent of the already tiny proportion of religious structures, the spokesman added.
  • The spokesman added that not only are these structures polluting the environment and impeding urban development, their existence also affects the government’s authority and bring harm to social culture.  Dao Ming, a pastor at a church in Wenzhou, estimated that around 50 churches have been demolished since late April in Wenzhou.

“How dire is the Islamic State’s threat to US?”

[Xinhua link -- August 27, 2014]

  • The Islamic State poses a major problem for the United States, which aims to keep terrorism in check a decade after the Sept. 11, 2001 attacks on New York and Washington.  The militants’ territorial gains have Washington worried that its ultimate nightmare could come true — that the group could carve out a haven in Iraq or Syria and use it as a staging ground for attacks against the US, much like al-Qaida did in Afghanistan.

“Will the Chinese Communist Party become social media’s ‘most followed’?

[SCMP link -- August 25, 2014]

  • The [WeChat] account, called “gong chan dang yuan”, or Communist Party member, is managed by the Organisation Department of the party’s highest organ of power, the Central Committee.  The department has told all members of the world’s largest political party to follow the account. 

“The Three Stooges Collection: Pop Goes the Easel”

www.hulu.com/watch/23060

  • Look at the grouse!

– and lose. 

www.facebook.com/BobHall2016

E-mail: DollarToTheGiant@Gmail.com for Fear-Fallen Children: “Dollar to the Giant” Chronicles & Comments June 2008 [#1] to Date [#1131] notably resisting America’s Shift from Wealth Creation to Wealth Transfer and Surrender.

And the wealthy — is their money not originated by and transferred from laborers and consumers?

I just left this comment on a blog about the corporate income tax:

“How is it even possible for a corporation to ‘pay’ taxes?  And the wealthy — is their money not originated by and transferred from laborers and consumers?  Here’s what a corporation really can do: stash money outside the U.S. where it does us no good at all.  Like it or not, we’re in this together.  Don’t be small — not even in an election year.”

That’s my piece for today.  


www.facebook.com/BobHall2016


E-mail: DollarToTheGiant@Gmail.com for Fear-Fallen Children: “Dollar to the Giant” Chronicles & Comments June 2008 [#1] to Date [#1130] notably resisting America’s Shift from Wealth Creation to Wealth Transfer and Surrender.

As a Christian, I know that Jesus would never tell anyone where to shop or what not to buy.

This is getting popular as a delayed response to “My Simple Test of Your Christian Faith”:

  • “Yeah, but. . . .”
  • “But what?”
  • “I’m a Christian — I love Jesus — and Jesus would never tell anyone where to shop or what not to buy.”
  • “Even if your money goes to sellers who are actively persecuting your fellow Christians?”
  • “Right.”
  • “Even if the sellers are destroying churches and trying to eliminate Christianity?”
  • “Right.”
  • “Even if the sellers are rewriting the Bible and creating their own version of Christian theology to support their worldly political agenda?”
  • “Right.”
  • “Even if the sellers’ products are manufactured by abused workers and slaves?”
  • “Right.”
  • “Even if they’re slaves of an officially atheistic country that has recently called religion a threat to national security?”
  • “Right.”
  • “Even if the country has a history of genocide and infanticide — and extraordinary racism — and killed tens of millions of its own people in the space of only four short years, only fifty years ago?”
  • “Right.”
  • “You see no conflict between your religious beliefs and your actual behavior?”
  • “I’m a Christian.”
  • “So nothing could ever discourage you from Chinese goods or shopping at Walmart?”
  • “As a Christian, I know that Jesus would never tell anyone where to shop or what not to buy.”

Historians will commonly say that without poverty, there would be no religion.

It appears that Walmart has read the same books.

 

www.facebook.com/BobHall2016

E-mail: DollarToTheGiant@Gmail.com for Fear-Fallen Children: “Dollar to the Giant” Chronicles & Comments June 2008 [#1] to Date [#1129] notably resisting America’s Shift from Wealth Creation to Wealth Transfer and Surrender.

“My Simple Test of Your Christian Faith” is #1063 of June 21, 2014.